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Normie Dumps 99% as Attacker Calls Meme Coin’s Tax Contract a “Copy-Paste” Job

Posted on AllSides May 27th, 2024
From The Center

Hyped Base meme coin normie (NORMIE) plunged 99% on Sunday after being hit by an exploit that saw attackers manipulate the token’s total supply, completely draining its liquidity pools. Blockchain sleuths said attackers exploited a so-called tax function in the token’s contract to issue more tokens than the intended 1 billion supply. The extra tokens were then traded for ether. In an on-chain message late on Sunday, the attacker offered Normie developers a way to receive 90% of the stolen funds back if they agreed to relaunch the project. “I...

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https://coindesk.com/markets/2024/05/27/normie-dumps-99-as-attacker-calls-meme-coins-tax-contract-a-copy-paste-job

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